Jordan's JPRC achieved profits of $50mln in first half of 2021

JoPetrol, fully owned by JPRC, is also continuing to develop new gas stations

  
Oil refinery power station at sunset, Petrochemical industrial plant. Image used for illustrative purpose.

Oil refinery power station at sunset, Petrochemical industrial plant. Image used for illustrative purpose.

Gettyimages

AMMAN — The Jordan Petroleum Refinery Company (JPRC) on Wednesday announced that it had achieved total profits of JD35.5 million in the first half of the year, while tax deductions stood at JD6.1 million.

The company said that pre-tax profits from refining oil and filling gas cylinders totalled about JD18.2 million, activities from the Jordan Petroleum Products Marketing Company (JoPetrol) yielded profits of JD12.5 million and the lubricants factory generated JD4.7 million, the Jordan News Agency, Petra, reported.

The net profits, after deducting taxes, amounted to about JD29.4 million.

JPRC data noted that the company registered about JD56 million in losses due to the government-imposed pandemic lockdown of more than two months.

The company said that their indicators have started to show “remarkable” improvement, due to the recovery of crude oil prices, adaptions to pandemic life and gradual resumption of normality.

However, some products’ sales are still suffering from the effects of the pandemic, the company said.

JoPetrol, fully owned by JPRC, is also continuing to develop new gas stations, Petra reported.

© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities